Article ID Journal Published Year Pages File Type
1708326 Applied Mathematics Letters 2013 5 Pages PDF
Abstract

In this work we analyze the large-time behavior of a spatially structured economic growth model coupling physical capital accumulation and pollution diffusion. This model extends other results in the literature along different directions. Alongside the classical Cobb–Douglas production function, a convex–concave production function is considered. We add a negative feedback to the production function in order to describe the (negative) influence of pollution on output, and therefore on capital accumulation. We also present an optimal control problem for the above model.

Related Topics
Physical Sciences and Engineering Engineering Computational Mechanics
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